China corporates risk burning bridges with foreign investors

Asia Aluminum’s fall into preliminary receivership in March reveals how badly entrepreneur-led businesses are struggling in China, but also the lengths to which private companies are prepared to go to restructure their debt. Such attempts are short-sighted and fracture already-fragile foreign investor confidence.

17 Apr 2009

Back in 1984, Deng Xiaoping famously uttered the phrase: “to get rich is glorious”. It was a prescient statement by the de facto leader of China’s communist party that set the scene for the rise in entrepreneur-led capitalism in the country. In the commercialism-fueled years since, China’s economy
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